Seshachal Technologies Ltd

Financial results and segment

• Unaudited standalone quarterly results for quarter ended 30 June 2026 approved.
• Limited Review Report for quarter ended 30 June 2026 attached.
• Company has a single reportable segment; segment accounting not applicable under Ind AS 108.

Auditor and review context

• Independent auditor Sharad Chandra Toshniwal & Co; Limited Review completed; not an audit.
• Review report: no material misstatement observed in standalone results.

Capital actions

• Board approved allotment of 1,13,63,637 FCW to non-promoter public at Rs 22 each.
• 25% upfront, 75% within 18 months from allotment.
• Each warrant converts into one equity share of Rs 10.
• Warrants to be locked-in as per ICDR 2018 provisions.
• In-principle BSE approval obtained on 28 July 2026; meeting on 10 August 2026 approved.
• Total warrants allotted: 1,13,63,637; upfront amount received: Rs 6,25,00,003.50.
• Total remaining amount to be received within 18 months: Rs 18,75,00,010.50.
• Annexure-I lists allottees and upfront amounts; includes 20+ public entities.
• Warrants are convertible into equity shares, increasing share capital on exercise.

Meeting Details

• Date: 14 August 2026; Time: 03:00 PM; Venue: Registered office

Key Agenda Items

• Unaudited financial results for the quarter ended 30.06.2026 to be considered

Dematerialisation status

• All dematerialisation actions were completed within 15 days for the reporting period.
• Dematerialised securities are listed on the stock exchanges where earlier issues are listed.
• Physical certificates were mutilated and cancelled; depository name substituted as registered owner.

Fund-Raising Instrument & Terms

• Issuing up to 1,13,63,637 fully convertible warrants at Rs. 22 each via preferential allotment.
• Each warrant convertible into one equity share with face value Rs. 10.
• Warrants exercisable within 18 months; unexercised warrants lapse with forfeiture.
• 25% upfront payment required on total issue size from allottees.
• Conversion can occur in one or more tranches.

Mode & Target Investors

• Preferential allotment to Non-Promoter, Public Category investors as per allottee list.
• Consideration for warrants to be paid in cash.

Purpose & Approvals

• Fund raise intended to augment company’s financial resources.
• Subject to shareholders’ approval via postal ballot and other regulatory approvals.
• Postal ballot e-voting scheduled March 7 to April 5, 2026; CDSL appointed as e-voting agency.

Shareholding Impact

• Promoters’ shareholding to reduce from 33.87% to 1.95% post-issue.
• Public shareholding to increase to 98.05% after allotment.

📍 Preferential Issue Approval

• Board approved issuance of up to 1,13,63,637 fully convertible warrants on preferential basis.
• Warrants priced at Rs. 22 each, aggregating up to Rs. 25.00 crore, to non-promoter public investors.
• 25% of total issue amount to be called upfront upon allotment; consideration to be received in cash.
• Warrants convertible into equity shares within 18 months; unexercised warrants will lapse and amount forfeited.
• Post-issue shareholding: promoters’ stake to reduce from 33.87% to 1.95%, public shareholding to increase to 98.05%.

🗓️ Shareholder Approval Process

• Shareholders’ approval to be sought via postal ballot.
• Postal ballot notice and e-voting to commence March 6, 2026; voting period March 7 to April 5, 2026.
• CS Piyush Gandhi appointed scrutinizer; CDSL appointed e-voting agency.